EntryPoint Capital LLC Purchases 48,253 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

EntryPoint Capital LLC boosted its position in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 247.9% in the fourth quarter, Holdings Channel reports. The fund owned 67,717 shares of the company’s stock after acquiring an additional 48,253 shares during the period. EntryPoint Capital LLC’s holdings in European Wax Center were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC lifted its position in shares of European Wax Center by 18.9% during the 3rd quarter. FMR LLC now owns 2,697,742 shares of the company’s stock worth $18,345,000 after purchasing an additional 428,280 shares during the last quarter. Highland Peak Capital LLC acquired a new position in shares of European Wax Center during the fourth quarter worth approximately $2,745,000. Kazazian Asset Management LLC bought a new stake in shares of European Wax Center in the fourth quarter valued at approximately $1,782,000. Massachusetts Financial Services Co. MA grew its stake in shares of European Wax Center by 4.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,334,532 shares of the company’s stock worth $22,675,000 after acquiring an additional 155,875 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in European Wax Center during the third quarter worth $754,000. 82.14% of the stock is owned by institutional investors and hedge funds.

European Wax Center Trading Down 3.3 %

EWCZ stock opened at $4.12 on Wednesday. European Wax Center, Inc. has a 1-year low of $2.72 and a 1-year high of $13.15. The company has a current ratio of 3.17, a quick ratio of 2.42 and a debt-to-equity ratio of 3.81. The business’s 50 day moving average is $6.08 and its 200-day moving average is $6.42. The firm has a market cap of $234.61 million, a P/E ratio of 17.91, a P/E/G ratio of 1.72 and a beta of 0.95.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EWCZ. Jefferies Financial Group set a $15.00 price target on shares of European Wax Center in a report on Tuesday, March 11th. Piper Sandler downgraded European Wax Center from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $9.00 to $7.00 in a research report on Monday, January 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price target on shares of European Wax Center in a report on Tuesday, March 11th. Morgan Stanley decreased their price objective on European Wax Center from $5.00 to $4.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. Finally, Robert W. Baird cut their target price on European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, European Wax Center currently has an average rating of “Hold” and an average price target of $7.31.

European Wax Center Company Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.